Cargill posts loss

Reading Time: < 1 minute

Published: August 13, 2015

(Reuters) — Cargill Inc. reported a net quarterly loss on one-time charges and lower profit in three of its four business segments, citing an economic slowdown in emerging markets.

It posted a net loss of $51 million for the fiscal fourth quarter ended May 31, compared with a profit of $376 million a year earlier.

Revenue fell 22 percent to $28.4 billion from $36.2 billion.

Large global crop stockpiles limited price volatility and reduced trade volumes and high cattle prices limited profits in its meat business.

explore

Stories from our other publications